federal reserve

Timeline: The federal funds rate at work

 

1980 Federal Funds Rate 1980 Federal Funds Rate 1984 Federal Funds Rate 2003 Federal Funds Rate 2008 Federal Funds Rate 2012 Federal Funds Rate 2007 Federal Funds Rate 1993 Federal Funds Rate 1981 Federal Funds Rate 1974 Federal Funds Rate

Year: 1984

Rate: Decreases to 8.75 percent

The details: After a rough start to the early 1980s, the U.S. economy finally expands again as unemployment levels off and inflation subsides. With continued moderation in inflation, the Fed lowers the federal funds rate to 8.75 percent in early December to help the economy grow.

 

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